In a medium saucepan heat oil over medium high heat, add onion and chilies and saute for 3 mintues.
Add rice, water, and bouillon cube to the saucepan.
Bring to a boil. Reduce heat, simmer covered for 10 minutes or until rice is tender.
Stir in beans, cheese, sausage, and Tabasco until cheese is melted and beans are heated.
* If you decide to use boil in the bag rice cook the rice seperatly and add in once it is cooked. Do not add 1 cup of water to the beans, cheese and sausage mix.